Investors cheer Sprott, Osisko, Barkerville deal
Osisko buys 17% of Vancouver gold explorer from company controlled by Eric Sprott for $40m in cash and shares.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Manila targets gold miners in latest crackdown
Could shut down 60% of Philippines output – Asia's number three gold producer.
Hedge funds push bullish gold price bets back up
Large scale gold derivates players rebuild long positions to within shouting distance of record high.
Vancouver developer jumps on maiden Ghana resource
On Monday, Asanko shares added to three-fold gains year-to-date after releasing maiden resource for satellite targets at its producing mine in West Africa.
Goldman Sachs: Copper price heading for $1.80
“Company guidance and our estimates suggest that copper is entering the eye of the supply storm.”
Gold price rally sparks $50 billion of commodity investments
New report shows commodity assets under management jumping to $235 billion, the best performance since 2009, largely due to physical gold ETF inflows.
US jobs knock gold price
But likelihood of US rate hike by the end of the year still below 50% and other markets remain in easing mode.
CHART: Just how wrong were 2016 gold price bears
The majority of 31 investment bank and institutional analysts polled in January saw gold trading in triple digits this year.
More bad news for copper price
Study shows the most efficient mines in top producer Chile now produce copper for less than $1 a pound after finding an additional 13% in savings this year.
More Grasberg uncertainty for Freeport
No early talks on Indonesia licence extension, export permit expiring next week still being negotiated.
US rare earth stock cracks top 50 mining companies for the first time
Non-Chinese rare earth producers have been conspicuously absent from mining’s top tier, now worth a collective $1.5 trillion, up $200 billion year to date.